Alto Ingredients, Inc. (NASDAQ:ALTO) Short Interest Down 14.4% in March

Alto Ingredients, Inc. (NASDAQ:ALTO) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,310,000 shares, a decrease of 14.4% from the March 15th total of 1,530,000 shares. Based on an average trading volume of 684,700 shares, the short-interest ratio is currently 1.9 days. Currently, 1.9% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALTO. American Century Companies Inc. purchased a new position in Alto Ingredients in the 4th quarter valued at about $32,000. Brevan Howard Capital Management LP purchased a new position in shares of Alto Ingredients during the 4th quarter worth about $42,000. Tower Research Capital LLC TRC lifted its holdings in shares of Alto Ingredients by 522.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 28,617 shares of the company’s stock worth $43,000 after acquiring an additional 24,016 shares during the period. Cetera Advisor Networks LLC purchased a new position in shares of Alto Ingredients during the 2nd quarter worth about $49,000. Finally, Prelude Capital Management LLC purchased a new position in shares of Alto Ingredients during the 3rd quarter worth about $50,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Alto Ingredients Price Performance

NASDAQ ALTO traded down $0.04 during trading hours on Monday, reaching $2.03. The company’s stock had a trading volume of 589,891 shares, compared to its average volume of 679,914. The stock has a market cap of $153.67 million, a PE ratio of -5.20 and a beta of 1.89. Alto Ingredients has a fifty-two week low of $1.20 and a fifty-two week high of $4.97. The company’s 50-day moving average is $2.10 and its two-hundred day moving average is $2.62. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.78 and a current ratio of 2.59.

Alto Ingredients (NASDAQ:ALTO) last released its earnings results on Monday, March 11th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.14). The firm had revenue of $273.63 million during the quarter, compared to analysts’ expectations of $301.92 million. Alto Ingredients had a negative net margin of 2.29% and a negative return on equity of 7.32%. Analysts forecast that Alto Ingredients will post -0.26 EPS for the current year.

About Alto Ingredients

Alto Ingredients, Inc produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Campus Production, and Western Production. It offers specialty alcohols used in mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and cleaners for health, home, and beauty markets; grain neutral spirits used in alcoholic beverages and vinegar, as well as corn germ used in corn oils in the food and beverage markets; alcohols and other products for paint applications and fertilizers in the industrial and agriculture markets; and essential ingredients include dried yeast, corn protein meal, corn protein feed, distiller's grains, and liquid feed for commercial animal feed and pet food applications, as well as yeast for human consumption.